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Old 11-06-2007, 09:07 PM
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WOW...I need to get my head out!



WOOOOHOO!!!
At this rate I'll be blown out in no time.

There's more indicators I won't give out but rest assured I took some good trades and managed to make the day VERY ugly.

The 1st trade was up 20+ points and I was trying to trade a system rule that in reality had me counter trend trading. That will be changed as of today.

The 2nd trade was a sound trade BUT the 1st trade got into my head and I sold before the real move. Part of the issue was Tradestation totals your daily P&L and I thought that single position was up the number I was seeing. Still not an excuse, cause I should have traded the trade not the profit.

The 3rd was my breaking point...I got mad I sold before the move on trade 2 and took a revenge trade. Then I proceeded to raise my stop because it "had" to dip soon. This set me back pretty badly and I am probably taking the rest of the week off because that SHOULD NOT have happened.

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Price is simply the 2 way auctions method of advertisement. Volume measures the willingness of market participants to transact at the advertised price (AKA perceived value).
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